Foxconn to invest $1.5 billion to expand operations in India
The company, which announced the investment plan in a stock exchange filing, did not provide any further details. Foxconn has been rapidly expanding its presence in India by investing in manufacturing facilities in the south of the country.
![Foxconn to invest $1.5 billion to expand operations in India](https://cdn.zeebiz.com/sites/default/files/2023/11/27/270468-oofrf6hnufnhlidtm2n7hauwju.jpg?im=FitAndFill=(1200,900))
The contract manufacturer aims to double its workforce and investment in India by next year, a company executive had said in September. Image Courtesy: Reuters.